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More than one month after the pivotal Schrems II decision of the Court of Justice of the European Union (CJEU), companies may still find themselves without clear guidance for the transfer of personal data to the US.

The CJEU only defined key areas which must be reviewed when assessing the legal framework of the third country. In the same decision, the CJEU upheld the general validity of Standard Contractual Clauses (SCCs). However, where SCCs alone cannot provide an adequate level of protection, contractual frameworks must be amended by additional measures.

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2 September 2020

The future of data transfers to the US

More than one month after the pivotal Schrems II decision of the Court of Justice of the European Union (CJEU), companies may still find themselves without clear guidance for the transfer of personal data to the US. The CJEU only defined key areas which must be reviewed when assessing the legal framework of the third […]...

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2 September 2020

Public M&A in Austria – Lexology, getting the deal through

Wolf Theiss M&A partner Florian Kusznier has contributed the Austrian chapter to Lexology's 2020 "Getting the Deal Through – Public M&A" guide, summarizing M&A transactional requirements and procedures governing publicly listed companies. The guide covers areas including types of business combinations, filings and public disclosure requirements, substantial shareholding regulations, shareholder rights of approval and appraisal, hostile transactions, break-up fees and frustration of additional bidders, conditional offers and minority squeeze-out....

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31 August 2020

Changes and amendments to the concession law in the Republic of Srpska

The National Assembly of the Republic of Srpska (RS) enacted the Law on Changes and Amendments to the Concession Law which entered into force on 24 July 2020. The Law was published in the Official Gazette of RS no. 70/20. To learn more, please open the attached file....

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31 August 2020

Pharmig code of conduct amended

The Association of the Austrian Pharmaceutical Industry has amended the PHARMIG Code of Conduct, effective as of 1 July 2020. All PHARMIG members (currently more than 100 companies) must comply with the code. The new changes include a new prohibition on product branding, a ban on undue benefits for representatives of healthcare or patient organisations, […]...

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31 August 2020

Ukraine: New gambling legislation now in effect

After a 10-year statutory ban on gambling, Ukraine has made a move towards the creation of a regulated gambling market. Even though the topic remains highly debated in Ukrainian society, it is expected that legalization of gambling should facilitate bringing numerous illegal business operators out of the shadows and attract foreign providers. On 11 August […]...

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31 August 2020

The Law Reviews’ international arbitration review – Austria

Valentina Wong and Alexander Zollner authored the Austrian chapter in the 11th edition of The Law Reviews' International Arbitration Review. Their contribution offers a comprehensive overview on topics which arise frequently in arbitrations, such as appointment and challenges of arbitrators, interim measures and judicial assistance, recognition and enforcement of arbitral awards as well as a review of the recent developments affecting international arbitration over the last year....

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31 August 2020

Wolf Theiss berät Europäische Investitionsbank und UniCredit Bank Austria bei der Finanzierung des Ausbaus eines der größten Windparks Österreichs

Wien, 31. August 2020 – Die EIB und die UniCredit Bank Austria haben bei dieser 107 Millionen Euro-Finanzierung auf die Expertise von Wolf Theiss gesetzt. Mit einer Leistung von 143 Megwatt, 26 Turbinen und einer nachhaltigen Stromversorgung von 90.000 Haushalten zählt der im Burgenland ansässige Windpark zu einem der größten in Österreich....

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31 August 2020

Concept Tower changes the owner. Wolf Theiss Warsaw real estate and construction team oversees successful sale

Warsaw, 28 August 2020 – The Warsaw team, led by Partner Grzegorz Skowroński and Associate Bartosz Kopik, advised Concept Development BSD 2 sp. z o.o. on the sale of Concept Tower, a 15-floor office building located in the new business center of Warsaw....

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27 August 2020

Wolf Theiss berät ALSO Holding bei der Akquisition von dicom

Wien, 27. August 2020 – Wolf Theiss hat die ALSO-Gruppe bei der Übernahme der österreichischen dicom Computer-Vertriebsges.m.b.H. in allen rechtlichen Belangen der Transaktion beraten. Das Signing hat am 19.8.2020 stattgefunden....

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21 August 2020

M&A in a new Ecosystem

What impact did COVID-19 have on Mergers and Acquisitions in the CEE/SEE region? In the first episode of Wolf Theiss Soundshot, Corporate & M&A Partners Sarah Wared and Florian Kusznier from our Vienna Office discuss the changes in deal structures they have seen in the first half of 2020, how M&A transactions have been affected […]...

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13 August 2020

Corporate digital compliance: Four steps to paperless legal communication

Legal communication in Croatia is moving online, including with the courts. By 1 September 2020, companies should register their email address in the court registry and implement the new e-communication system with the courts. The companies can also learn how to comply with e-signature requirements and how to complete contracts online. To learn more, please […]...

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13 August 2020

The new Austrian investment control act: A practical assessment

In mid-July, the Austrian legislature passed a new Investment Control Act – ICA (Investitionskontrollgesetz – InvKG) as proposed by the Austrian Federal Government. It is expected to enter into force and apply shortly after being signed by the Federal President and the Federal Chancellor and its publication in the Official Gazette (Bundesgesetzblatt – BGBl). By […]...

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